March 20, 2020
Specific info on type of filing and deadlines can be found on the State of California Franchise Tax Board site here.
This relief includes changes to the various tax filing and payment deadlines that occur on March 15, 2020, through June 15, 2020, to July 15, 2020. “This includes:
Taxpayers claiming COVID-19 relief should write the name of the state of emergency (for example, COVID-19) in black ink at the top of their tax return to notify FTB of the extension period provided by the relief. If taxpayers are e-filing, they should follow the software instructions to enter disaster information.
In addition, the FTB will also waive interest and any late filing or late payment penalties that would normally apply.
More on Taxes and the Coronavirus Pandemic.
Disclaimer: Please note this is the information that is readily available at this time, it is subject to change so please consult your Withum tax advisor.
The economic nexus thresholds for determining if a taxpayer is doing business in California for the 2019 taxable year were released by the California Franchise Tax Board. A taxpayer is considered to be doing business in California if it is organized or commercially domiciled in California; its sales in California exceed a threshold amount or 25% of its total sales; its real property and tangible personal property in California exceed a threshold amount or 25% of its total real property and tangible personal property; or the amount paid in California by the taxpayer for compensation exceeds a threshold amount or 25% of the total compensation paid by the taxpayer. The threshold values for the 2019 tax year are as follows: sales, $601,967; property, $60,197; and compensation, $60,197. (Memorandum on Indexing, Personal Income Tax Law, 2019 Tax Year, California Franchise Tax Board, 08/27/2019.)